See The Huge Amount Nigeria Loses Daily To Twitter Ban – NetBlocks

Forum 2 years ago

See The Huge Amount Nigeria Loses Daily To Twitter Ban – NetBlocks

Nigeria loses over N2 billion to Twitter shutdown in the country on a daily basis, SaharaReporters has learnt.

This was disclosed by NetBlocks, which put the total cost impact of the shutdown at $6, 014, 390 and it naira equivalent at N2, 177, 089,051.

The NetBlocks Cost of Shutdown Tool (Cost) estimates the economic impact of an Internet disruption, mobile data blackout or app restriction using indicators from the World Bank, ITU, Eurostat and US. Census.

Meanwhile, the estimate is for one day.

Nigeria’s unemployment rate increased to the second highest on a global list of countries monitored by Bloomberg recently.

The jobless rate in Nigeria rose to 33.3% in the three months through December, according to a report published by the National Bureau of Statistics on March 15.

It went up from 27.1% in the second quarter of 2020.

Experts have noted that a good number of Nigeria’s youth population earn their livelihood through Twitter and that such incomes will be affected by ban. will be lost no thanks to the ban.

The Nigerian Government on Friday suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in Nigeria.

Therefore, Nigeria has lost over N4 billion since it banned Twitter on Friday.

Minister of Information and Culture, Lai Mohammed, announced the suspension in a statement signed by his Special Assistant Segun Adeyemi, citing the “persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence”.